Shibarium is a layer 2 blockchain that operates using the Shiba Inu ecosystem‘s three tokens and is expected to launch later this year. The platform is metaverse and NFT-focused, offering decentralized entertainment, gaming, and international governance. We’ll take a look what this entails…
What is Shibarium?
Shibarium is a layer 2 blockchain that operates using the Shiba Inu ecosystem’s three tokens: SHIB, BONE, and LEASH. It is a metaverse and NFT-focused blockchain that is expected to go live later this year. Shibarium will include blockchain gaming, decentralized entertainment, account abstraction, and international governance.
What are Shibacals?
Shibacals are authenticated collectibles that will be a core component of Shibarium’s ecosystem. They are NFTs that can be linked to real-world assets to provide authentication and proof of ownership for physical items. Shibacals will authenticate real-world items through an NFC chip, which can link to “dynamic destinations setting up myriad possibilities that are ideal for businesses.”
What is the purpose of Shibacals?
The purpose of Shibacals is to provide an authentication layer that supercharges the concept of collectibility. They will authenticate real-world items and link them to NFTs, providing proof of ownership and authenticity. Shibacals will be handmade and high quality, taking 4 to 6 weeks to complete.
How did the Shibarium update affect SHIB price?
After the announcement of Shibarium’s update, SHIB rose by as much as 11% on the day, from $0.000007529 to $0.000008408 by 6:15 am ET. The coin quickly retraced much of its gains, however, retreating to $0.000007824 at writing time. SHIB is still up 16% on the week, rising alongside Bitcoin and other cryptos in the wake of BlackRock’s Bitcoin spot ETF filing last week.
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